Can I retire at age 30 with 1,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$127,172$126,039$124,934$123,855$122,802$118,681
2 years$62,956$61,784$60,647$59,546$58,477$54,366
3 years$41,554$40,376$39,243$38,152$37,100$33,128
4 years$30,855$29,681$28,559$27,486$26,460$22,657
5 years$24,437$23,270$22,163$21,112$20,115$16,491
6 years$20,160$19,002$17,911$16,883$15,916$12,475
7 years$17,106$15,958$14,884$13,881$12,944$9,685
8 years$14,817$13,679$12,623$11,644$10,738$7,658
9 years$13,037$11,910$10,872$9,918$9,043$6,139
10 years$11,614$10,498$9,478$8,550$7,705$4,972
11 years$10,451$9,346$8,345$7,441$6,627$4,059
12 years$9,482$8,388$7,406$6,527$5,743$3,335
13 years$8,663$7,580$6,617$5,762$5,008$2,753
14 years$7,961$6,890$5,945$5,115$4,390$2,283
15 years$7,354$6,295$5,368$4,562$3,865$1,899
16 years$6,823$5,775$4,866$4,084$3,416$1,584
17 years$6,355$5,319$4,428$3,670$3,029$1,324
18 years$5,939$4,915$4,042$3,307$2,693$1,108
19 years$5,568$4,555$3,701$2,988$2,400$930
20 years$5,234$4,233$3,396$2,707$2,144$781
21 years$4,932$3,943$3,124$2,456$1,919$656
22 years$4,658$3,680$2,879$2,233$1,720$552
23 years$4,409$3,442$2,658$2,034$1,544$465
24 years$4,180$3,225$2,459$1,855$1,388$392
25 years$3,970$3,026$2,277$1,694$1,249$330
26 years$3,777$2,844$2,112$1,549$1,125$278
27 years$3,598$2,677$1,961$1,418$1,014$235
28 years$3,432$2,522$1,823$1,299$915$198
29 years$3,278$2,380$1,697$1,191$826$167
30 years$3,135$2,247$1,580$1,093$747$141
31 years$3,001$2,124$1,473$1,004$675$119
32 years$2,875$2,010$1,375$923$611$101
33 years$2,758$1,904$1,283$849$553$85
34 years$2,648$1,804$1,199$781$500$72
35 years$2,544$1,711$1,121$719$453$61
36 years$2,446$1,624$1,049$662$411$51
37 years$2,354$1,543$982$610$372$43
38 years$2,266$1,466$919$562$337$37
39 years$2,184$1,394$861$518$306$31
40 years$2,105$1,326$807$478$277$26
41 years$2,031$1,263$757$441$252$22
42 years$1,961$1,202$710$407$228$19
43 years$1,894$1,146$666$376$207$16
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$10
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$7
49 years$1,552$864$458$234$116$6
50 years$1,504$826$430$216$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,540,000, adding $5,418 every year, while hoping to spend $59,780 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/19/6 Blend
29$1,540,000$1,540,000$1,540,000$1,540,000
30$1,702,669$1,621,049$1,597,179$1,828,897
31$1,812,735$1,636,875$1,587,079$1,928,472
32$1,932,025$1,651,472$1,574,637$2,029,379
33$2,061,416$1,664,719$1,559,711$2,138,217
34$2,201,873$1,676,483$1,542,154$2,255,747
35$2,354,458$1,686,624$1,521,810$2,382,811
36$2,520,338$1,694,994$1,498,516$2,520,334
37$2,700,798$1,701,434$1,472,102$2,669,336
38$2,897,252$1,705,777$1,442,390$2,830,940
39$3,111,255$1,707,843$1,409,193$3,006,385
40$3,344,518$1,707,442$1,372,316$3,197,036
41$3,598,925$1,704,374$1,331,555$3,404,397
42$3,876,550$1,698,422$1,286,697$3,630,126
43$4,179,674$1,689,361$1,237,517$3,876,050
44$4,510,810$1,676,949$1,183,783$4,144,184
45$4,872,724$1,660,931$1,125,251$4,436,746
46$5,268,460$1,641,034$1,061,665$4,756,185
47$5,701,370$1,616,972$992,758$5,105,197
48$6,175,146$1,588,440$918,252$5,486,755
49$6,693,853$1,555,116$837,855$5,904,137
50$7,261,967$1,516,657$751,264$6,360,956
51$7,884,416$1,472,702$658,160$6,861,193
52$8,566,630$1,422,868$558,212$7,409,240
53$9,314,586$1,366,749$451,072$8,009,935
54$10,134,871$1,303,916$336,380$8,668,612
55$11,034,735$1,233,915$213,756$9,391,154
56$12,022,168$1,156,267$82,807$10,184,041
57$13,105,969$1,070,464$0$11,054,421
58$14,295,829$975,969$0$12,013,816
59$15,602,427$872,214$0$13,073,159
60$17,037,523$758,601$0$14,236,745
61$18,614,074$634,496$0$15,515,156
62$20,346,353$499,230$0$16,920,056
63$22,250,084$352,095$0$18,464,299
64$24,342,590$192,345$0$20,162,055
65$26,642,956$19,192$0$22,028,941
66$29,172,208$0$0$24,082,168
67$31,953,512$0$0$26,375,873
68$35,012,390$0$0$28,902,974
69$38,376,961$0$0$31,682,697
70$42,078,207$0$0$34,740,647
71$46,150,265$0$0$38,105,038
72$50,630,745$0$0$41,806,953
73$55,561,088$0$0$45,880,642
74$60,986,956$0$0$50,363,843
75$66,958,659$0$0$55,298,136
76$73,531,634$0$0$60,729,339
77$80,766,962$0$0$66,707,934
78$88,731,950$0$0$73,289,549
79$97,500,759$0$0$80,535,476
80$107,155,108$0$0$88,513,256
81$117,785,043$0$0$97,297,308
82$129,489,786$0$0$106,969,639
83$142,378,667$0$0$117,620,609
84$156,572,164$0$0$129,349,790
85$172,203,031$0$0$142,266,902
86$189,417,551$0$0$156,492,848
87$208,376,921$0$0$172,160,854
88$229,258,769$0$0$189,417,727
89$252,258,829$0$0$208,425,240
90$277,592,788$0$0$229,361,657
91$305,498,323$0$0$252,423,415
92$336,237,341$0$0$277,826,978
93$370,098,452$0$0$305,810,881
94$407,399,691$0$0$336,637,977
95$448,491,519$0$0$370,597,920
96$493,760,131$0$0$408,009,898
97$543,631,099$0$0$449,225,643
98$598,573,390$0$0$494,632,755
99$659,103,791$0$0$544,658,354
100$725,791,783$0$0$599,773,116